QuantLong
a sudden surge in buying created a liquidity wick
After reaching a peak of $150 in the first quarter of 2024, Quant's price fell sharply, dropping to $50 by August 5th.
However, on the same day, a sudden surge in buying created a liquidity wick, pushing the price up in the last month of the third quarter and resulting in a breakout from a long-term falling wedge pattern.
This week's and intraday performance have been particularly strong. The daily QNT price chart reveals a double bottom pattern around the $60 horizontal support area. In the short term, the price appears to be accelerating towards $91.
If the bullish momentum continues, it could break through the dynamic trendline and potentially reach $150 by the end of October.
However, on the same day, a sudden surge in buying created a liquidity wick, pushing the price up in the last month of the third quarter and resulting in a breakout from a long-term falling wedge pattern.
This week's and intraday performance have been particularly strong. The daily QNT price chart reveals a double bottom pattern around the $60 horizontal support area. In the short term, the price appears to be accelerating towards $91.
If the bullish momentum continues, it could break through the dynamic trendline and potentially reach $150 by the end of October.
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